The Morning Dose

Morning Dose #380: Jensen Huang Resigns as Yields Spike – Thursday 11/12/2026

Episode 380Nov 12, 20265:15

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0:005:15

Episode summary

Nvidia CEO Jensen Huang’s reported resignation collides with a disorderly Treasury sell-off, with the 10-year yield jumping 13 bps to 5.11% after a weak 30-year auction. SPY broke below its 20- and 50-day moving averages, breadth collapsed, and the scans found few setups, so the hosts advise caution.

Key points

10-year yield rose 13 basis points to 5.11% after a soft 30-year auction, and odds of a 50 bp December Fed hike doubled to above 15%.
SPY closed at 757.93, below its 20-day (759.51) and 50-day (764.82) moving averages; the regime is cautious.
The 4% bull/bear gauge flipped from 391 bulls vs 127 bears to 48 bulls vs 234 bears, with energy and utilities leading and materials and information technology lagging.
Only one continuation signal (ASND at 267.60) appeared; reversal signals were CRWD at 228.65 and TEM at 75.85.
Action codes are CRT (smaller size, defined stops) and T3A; do not catch the NVDA knife on a gap down or chase gap ups, and Cisco earnings after the close are the next AI infrastructure checkpoint.